THE GENERALIZED ALCHIAN-ALLEN THEOREM: A SLUTSKY EQUATION FOR RELATIVE DEMAND.
We generalize the Alchian-Allen theorem so as to account for income and endowment effects and provide two versions of a Generalized Alchian-Allen theorem: one for a unit cost component and one for a proportional cost component. Both versions provide a decomposition of an uncompensated change in the...
| Publicado en: | Economic Inquiry Vol. 53; no. 4; pp. 1893 - 1908 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Oct2015
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |